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Business Globalization
Business globalization is generally connecting economic regions worldwide in a network of trade, communication and transportation. The companies that use these networks manage resources on a global scale to meet their financial goals.
1,232 Questions
How should unions deal with increasing globalization of business?
How should the union movement respond structurally to the increasing globalization of business?
There are five kinds of drivers, all based on change, that are leading international firms to the globalization of their operations. Following are the five drivers with an example for each kind: (1) political-preferential trading agreements, (2) technological- advances in communications technology, (3) market- global firms become global customers, (4) cost-globalization of product lines and production helps reduce costs by achieving economies of scale, and (5) competitive-firms are defending their home markets from foreign competitors by entering the foreign competitors' markets (Ball−McCulloch−Frantz−Geringer−Minor: International Business, 10th Edition, 2005) There are five kinds of drivers, all based on change, that are leading international firms to the globalization of their operations. Following are the five drivers with an example for each kind: (1) political-preferential trading agreements, (2) technological- advances in communications technology, (3) market- global firms become global customers, (4) cost-globalization of product lines and production helps reduce costs by achieving economies of scale, and (5) competitive-firms are defending their home markets from foreign competitors by entering the foreign competitors' markets (Ball−McCulloch−Frantz−Geringer−Minor: International Business, 10th Edition, 2005)
List of countries that usa does not trade with?
Cuba
North Korea
Israel
Iran
Sudan
Syria
However, this depends on the traded items in question. These are just the most highly restricted countries.
What are the factors that inhibit globalisation?
- Tariffs such as taxes on goods and services.
Barriers such as Communication;
- countries speaking different languages would not be able to understand other countries for e.g English speaking countries and Arabian speaking countries. Thus preventing economic integration.
Political barriers
- such as Cuban Countries they don't like America rulings and political views therefore they would not cooperate in any kind economic integration with any American countries.
Impact of globalisation on changing values and lifestyles?
due to globalization we are now able to connect and interact with different kind of people with different tastes, hobbies, nature etc... due to it ngo's such as sounds if silence are able to help deaf and mute children with the help of new technology.... sounds of silence is located in Mumbai, Pune and Delhi . INDIA . SOUNDS OF SILENCE .in
How have cultures been impacted by globalization?
There are many ways that globalization can affect culture. It can be dispersed in any and every culture around the world, for people to learn other languages which in turn there were less conflict.
How would one define globalization?
The site doesn't define globalization. People define it and I would define it as a process that business and other organizations develope international influence or operate on an international community.
What products does the UK import?
The U.S. imports many things including chemicals, lumber and forest products, raw resources like petroleum and minerals.
It exports foodstuffs such as fruits, vegetables, meat, and dairy products, manufactured goods and gasoline.
In addition, it exports global brand franchises,and sex! tee hee
How do domestic laws affect international businesses?
Domestic laws may encourage or discourage international trade. Domestic laws govern business taxes, import and export duties, and criminal and civil liability. This determines what a business may be able to do on the international market.
Why are the majority of the worlds countries left or the margins of globalization?
The majority of the world's countries are left on the margins of globalization due to the lack of infrastructure and wealth. They are unable to compete in the global marketplace.
out sourcing
Why should globalization be encouraged?
To enhance the lives of all the peoples of the planet, international trade is key.
What are the reasons for changing from manual to computerised or electronic systems?
1. Electronic data capture can validate data providing better accuracy.
2. Once stored it can be searched very quikly reducing effort and time.
3. Some data can be created/captured automatically thuis saving effort.
4. Data can be combined with other data providing insight into behaviours.
5. Data can be manipulated to provide forecasts, etc..
What two countries best represents the concepts of multiculturalism?
China and India are the two biggest and most successful of the new globalizers.
What are the aims and objectives of Globalisation?
1.Facilitate International Trade 2.Integration of World Markets
3.International Security
4.More equal distribution of Wealth
Recent development in banking industry?
In the fourth quarter of 2013, weak profits and tightening capital standards are causing European firms to fall behind. However, on the other side of the Atlantic, American based financial firms are making small profits trading stocks, bonds, and other financial instruments.
Consumer Products: Products bought from retail stores for personal, family, or household use.
Industrial products: Products companies purchase to make other products, which they then sell.
Resource: "http://www.answers.com/topic/consumer-and-industrial-goodshttp://www.answers.com/topic/consumer-and-industrial-goods"
How do businesses help a country's economy?
What helps raise a country's GDP. Is a high literacy-rate. A high literacy rate is a number of people that can read and write in any given county over the age of 14.
What are negative impacts of globalization in Ethiopia?
because it spread diseases through columbian exchange
What does TNC have to do with Globalization?
TNCs affect globalisation in the sense that they find new ways to expand by expanding their factories in foreign countries or introduce a new product which the "foreign" country is not familiar with. This is an example of globalisation because they "break down" the traditional barriers of a country in order to introduce a new product which is seemingly uncultural to them
What is Adam Smith's Absolute Advantage Theory?
The theory of "Absolute Advantage" is defined by the ability of a nation, business entity or persons to produce goods and services at much lower prices compared to that of their competitors or other entities. Any entity can also be considered to have absolute advantage in more than one product or service.
What are the future trends of trade?
Very interesting question that should start only speculation and no debate. ((hint hint answer people))
the general thought of what money represents to a human being is a common representation of something that you accomplished that represents work. hypothetically, what will follow the idea of using money to represent work is either something that represents some other value you bring to society. currently, the idea of currency is still based on a national level, which in my opinion, is not representational of the individual doing the job. i realize that a world economy may be a very sci fi kind of thing to say, but in the realm of dealing with different cultures and ideas, until we learn to assign value on a world basis, we may as well be dealing with alien cultures. (aliens meaning not of this world. not from other countries) this should be a very interesting post, because speculation and experimentation is what has made society what it is today.
